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Question
If a parcel of land that was originally acquired for $85,000 is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by its purchasers as easily being worth $140,000, and is sold for $137,000, the land should be recorded in the purchaser's books at:A.$95,000.
B.$137,000.
C.$138,500.
D.$140,000.
E.$150,000.
Answer
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Related questions
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